TL;DR XRP jumped by double digits after Ripple’s legal battle with the SEC officially ended. ADA climbed $0.80, with analysts eyeing breakouts toward $1.30, $1.60, or even $2.90 if bullish momentum continues. BTC briefly topped $117,500 before easing to $116,500, with historical trends suggesting further gains might be incoming. XRP Takes Center Stage Again Ripple’s cross-border token once again made the headlines thanks to its significant price increase. It pumped by 12% on a 24-hour scale, hitting almost $3.40 (its highest point since the end of July). XRP Price, Source: CoinGecko The main reason behind the resurgence is the official conclusion of the legal tussle between Ripple and the US Securities and Exchange Commission (SEC), which began in December 2020.  With that chapter now closed, many analysts believe XRP faces fewer obstacles on its path to reaching new peaks in the near future. X user Bark said “the manipulation is over” and envisioned a price explosion to as high as $10. They also predicted that “this weekend will be historic.” JAVON MARKS was also bullish, albeit setting a more modest target. Next wave up into ~$4.80 could already be in-effect for $XRP! https://t.co/noxq64p64U pic.twitter.com/krICGo7AH9 — JAVONMARKS (@JavonTM1) August 7, 2025 What’s Next for ADA? Cardano’s native cryptocurrency is also well in the green today (August 8), jumping by 8% to $0.80 (per CoinGecko’s data). ADA Price, Source: CoinGecko Earlier this week, the popular analyst Ali Martinez forecasted a potential price increase to an eight-month peak of $1.30. However, he believes ADA must first confirm a breakout above $0.84.  CryptoBullet and JAVON MARKS were even more optimistic. The former expects ADA to rise to $1.60, while the latter predicts a possible surge to $2.90. What to Expect From BTC? The primary cryptocurrency also headed north, briefly surpassing $117,500 and later retracing to its current level of $116,500. Some key factors suggest BTC has yet to rally hard this month. For example, August has historically brought gains when it follows a halving year. Recall that the latest halving occurred in the spring of 2024 and slashed the miners’ rewards for adding new blocks in half. The analyst, using the X moniker CRYPTOWZRD, set $120,000 as the next key resistance target, following which “we should see a rapid rally” to $131,000.  The post Ripple (XRP) Price Explosion, Next Targets for Cardano (ADA), and More: Bits Recap August 8th appeared first on CryptoPotato. Powered by WPeMatico

The past seven days were quite tumultuous, to say the least. The cryptocurrency market went through a period of enhanced volatility, and even though Bitcoin is trading flat at the end of it, this doesn’t show the full picture. This time last week, BTC was going through a considerable correction, which resulted in a crash to around $112,000 on August 2nd. From there, the price attempted to recover and pushed above $115K a day later, but the sellers weren’t having it and initiated another serious assault, which resuled in a drop below $113,000. That’s when the situation started to turn. Bitcoin was able to recover and started consolidating above $114K before the first important news of the week took place. US President Donald Trump signed an executive order, which aims to permit Americans to include Bitcoin and other digital assets in their 401(k) retirement plans. The policy wants to expand individual investment freedom, while also reducing government control over retirement assets, citing the potentially greater returns alternative investments can deliver. Bitcoin, alongside the rest of the market boomed on the news, but what happened next was a sight to behold for a huge community within the crypto industry. Ripple’s ongoing legal battle with the US Securities and Exchange Commission reached a turning point. Both parties filed a joint stipulation seeking a dismissal of the appeals. The case is more or less over, pending an approval of the court. This ends a more than 5-year old legal dispute which has put the classification of crypto assets as securities or commodities in the spotlight. A lot of it took place during Biden’s administration, when the former Chairman of the US SEC – Gary Gensler – was regulating by enforcement. In any case, many of the altcoins have charted considerable gains during the last seven days. Ethereum is up by 9% and is currently trading just slightly below $4,000, while XRP itself is up by about 6%. Cardano’s ADA is up by 9.6%, Stellar’s XLM i sup by 11%, and so forth. it’s interesting to see if Bitcoin will continue losing its grounds or if another rally would leave the altcoins in the dust. Market Data Source: Quantify Crypto Market Cap: $3.92T | 24H Vol: $154B | BTC Dominance: 58.8% BTC: $115,977 (+0.5%) | ETH: $3,937 (+9%) | XRP: $3.22 (+6%) This Week’s Crypto Headlines You Can’t Miss Trump Signs Executive Order to Allow Bitcoin and Crypto in 401(k)s. US President Donald Trump has signed an executive order to allow Bitcoin and other digital and alternative assets into US 401(k) retirement plans. XRP’s Price Skyrockets by 13% as Ripple and SEC Drop Court Battle. The case between the US Securities and Exchange Commission and Ripple Labs, spanning for more than 5 years, is about to end. Both parties have agreed to withdraw their appeals. Bitcoin Miners Weather the Storm: No Capitulation in Sight at 7.4% Price Surge. Bitcoin miners are holding strong as prices increase by 7.4% from the last difficulty bottom. They are showing no signs of capitulation, despite the ongoing market turmoil. Massive Bitcoin Price Prediction by Arthur Hayes: Calls for BTC at $250K. The co-founder and former CEO of BitMEX, Arthur Hayes, has made yet another massive Bitcoin price prediction, calling for $250,000 because of incoming money printing in the United States. Roman Storm Convicted in Tornado Cash Case. Tornado Cash developer, Roman Storm, has been found guilty of operating an unlicensed money transmitting business. He wasn’t found guilty on the two other counts of conspiracy to commit money laundering and to violate the International Emergency Economic Powers Act. Vitalik Buterin, Anders Elowsson Propose EIP-7999 for Ethereum Fee Overhaul. Ethereum co-founder Vitalik Buterin and developer Anders Elowsson have introduced EIP-799, which aims to overhaul the network’s fee structure by unifying multiple resource costs under a single maximum fee. Charts This week, we have a chart analysis of Ethereum, Ripple, Cardano, Solana, and Hyperliquid – click here for the complete price analysis. The post Bitcoin Stagnates, Altcoins Thrive on Major Regulatory Developments in the US: This Week’s Crypto Recap appeared first on CryptoPotato. Powered by WPeMatico

[PRESS RELEASE – New York, USA, August 8th, 2025] Streamex Exchange Corporation, a gold-tokenization platform integrating physical bullion into the digital economy, announced today its plan to integrate the stability of physical gold into the digital economy, introducing a regulated, blockchain-based asset designed to be programmable, liquid, and borderless. The company’s leadership combines financial market strategy and mining industry expertise. Henry McPhee, Co-Founder and Chief Executive Officer, oversees the platform’s macro-financial direction, while Morgan Lekstrom, Executive Chairman and Co-Founder, brings more than two decades of international mining experience. Together, their combined backgrounds in Wall Street strategy, global mining operations, and blockchain infrastructure provide Streamex with a foundation for advancing its gold-tokenization initiative. Henry McPhee – The Strategist Behind the Vision McPhee has established a reputation for anticipating macroeconomic turning points and building compliant, investor-ready platforms to address them. Under his leadership, Streamex has: Secured over $1.1 billion in financing commitments to build its gold-backed digital currency platform. Executed a strategic merger with BioSig Technologies, shifting the NASDAQ-listed company from biotech to digital asset infrastructure. Acquired a FINRA- and SEC-registered broker-dealer to ensure full regulatory compliance for issuance, trading, and custody of tokenized assets. “Henry is building the foundation for a parallel financial system,” noted one market analyst. “It’s gold’s return to center stage, but in a way that will integrate seamlessly into both existing financial networks and emerging digital economies.” Morgan Lekstrom – Mining Expertise Driving Digital Gold Mr. Lekstrom brings over 20 years of mining industry experience spanning executive leadership, project development, operations, and engineering. He has a proven track record of delivering growth and transformation, most recently building NexGold Mining Corp. into a near-term Canadian gold producer with a clear path to constructing two new Canadian gold mines. This was achieved through strategic deleveraging, debt restructuring, and a new corporate direction that included multiple back-to-back mergers and acquisitions, first of Blackwolf Copper and Gold Ltd., then Treasury Metals Inc., and later Signal Gold Inc. in 2024. His career also includes senior technical and leadership roles at major international projects: Contributing to operations at Freeport McMoran’s Grasberg site in Indonesia. Supporting engineering and development at Rio Tinto’s Oyu Tolgoi Project in Mongolia. Leading redevelopment efforts for an underground mine in Ghana, West Africa, with Golden Star Resources. Serving as Engineering Manager at Sabina Gold & Silver Corp. in Canada. Mr. Lekstrom’s breadth of experience across continents and mining methods ensures Streamex’s gold-backed tokens are supported by robust sourcing, operational integrity, and industry best practices. Advancing a New Monetary Instrument Streamex’s gold-tokenization platform is designed to offer a programmable, liquid, and borderless store of value, backed by audited, vault-held physical gold. Tokens are fractionalized, instantly transferable, and built to integrate seamlessly with both decentralized finance (DeFi) networks and traditional financial markets. “This is more than a technology initiative, it is a shift in how gold can participate in global capital flows,” said Henry McPhee, Co-Founder and CEO of Streamex. “Morgan’s depth of mining expertise strengthens our ability to connect physical reserves with the transparency, efficiency, and accessibility of blockchain technology.” By securing a NASDAQ listing, Streamex operates under established U.S. regulatory oversight, positioning itself uniquely among tokenization initiatives. This structure provides institutional investors with a compliant pathway to engage in real-world asset tokenization, while reinforcing market confidence. Why the Timing Matters Global macroeconomic conditions, marked by inflationary pressures, currency volatility, and increasing demand for stable, asset-backed digital instruments, create a fertile environment for gold-based tokenization. Streamex’s model addresses these conditions by delivering a compliant, scalable bridge between commodity markets and the blockchain economy. About Streamex Streamex Exchange Corporation is a real-world asset tokenization company specializing in commodities. The company’s infrastructure supports the issuance, trading, and settlement of blockchain-based assets backed by physical reserves, beginning with gold. Led by a team of seasoned executives from the financial, commodities, and blockchain industries, Streamex’s mission is to bring commodity markets on-chain, enhancing liquidity, accessibility, and transparency for investors and institutions worldwide. About Streamex Exchange Corporation Streamex is a real-world asset (RWA) tokenization company focused in the commodities space. With the goal to bring commodity markets on chain, Streamex has developed primary issuance and exchange infrastructure that will revolutionize commodity finance. Streamex is led by a group of highly successful and seasoned executives from financial, commodities and blockchain industries. Streamex believes the future of finance lies in tokenization, innovative investment strategies, and decentralized markets. By merging advanced financial technologies with blockchain transparency, Streamex has created infrastructure and solutions that enhance liquidity, accessibility, and efficiency. Streamex’s goal is to bridge the gap between traditional finance and the digital economy, unlocking new opportunities for investors and institutions worldwide. The post Streamex Unleashes Gold-Tokenization Strategy Poised to Shake Global Markets and Redefine NASDAQ appeared first on CryptoPotato. Powered by WPeMatico

[PRESS RELEASE – Hong Kong, Hong Kong, August 8th, 2025] Advancing Platform-Level Security: CoinW Redefines Safety Standards in Futures Trading In the volatile crypto market, a sustainable capital protection mechanism is vital for futures platforms to stand out and support their users. Recognizing this need, CoinW, a leading crypto exchange, pioneered a solution by launching its proprietary Futures Protection Program two months ago. This initiative systematically mitigates user losses during extreme market conditions by providing timely financial compensation. Recently, CoinW launched the third phase of this program, enhancing subsidy structures, participation methods, and payout efficiency. These upgrades further strengthen its reliable and accessible compensation system, providing futures traders with a more resilient and predictable trading protection framework. Market Volatility Drives Urgent Demand for Risk Management By mid-2025, Bitcoin’s price surged from $98,000 to nearly $120,000, igniting a long-awaited bull market. However, the heightened volatility also triggered frequent liquidations, especially impacting leveraged traders and escalating risk exposure. This surge in risk has spurred a strong demand for advanced, platform-level risk-hedging tools. In response, CoinW’s Futures Protection Program was developed as a proactive risk management solution specifically for futures traders. It offers timely subsidies to offset losses from liquidations or extreme price swings. The platform maintains a dedicated protection fund pool while users accumulate exclusive subsidy quotas based on their “contribution value”. This “contribution value” is derived from trading activity and referrals. When losses occur, users can promptly claim USDT subsidies to offset fees, margin requirements, or partial losses. Since its inception, CoinW has compensated over 30,000 futures traders, making the program an integral part of many users’ trading strategies. At the same time, this mechanism has strengthened CoinW’s security ecosystem by promoting greater structure and institutionalization. Together, these developments underscore CoinW’s commitment to enhancing trader protection and platform reliability. Margin Protection Becomes an Essential Trading Tool Initially, the program focused on “trade rebate subsidies”. The rebates were capped at 500 USDT, which users earned through futures trading. The third phase significantly improves on this foundation through comprehensive optimizations on participation thresholds, accumulation speed, and strategic flexibility. These boost user engagement and subsidy value. Key enhancements include: Stable Daily Earnings: Users who trade 100 USDT or more on contracts daily can “check in” and earn fixed daily subsidies, steadily increasing their subsidy quota. Dynamic Quota Growth: The system automatically accelerates quota accumulation for users with lower balances, enabling faster access to the 500 USDT baseline. Improved Fee-to-Subsidy Conversion: Subsidy accrual from fees is now accelerated further by factoring in trading volume. It allows users to maximize subsidies relative to their trading spend. Expanded Contribution Metrics: For the first time, trading volume is incorporated into subsidy eligibility, alongside daily check-ins and referral rewards. This creates multiple paths to earn subsidies. These upgrades not only streamline subsidy acquisition. It also transforms the futures protection fund from a reactive compensation tool into a dynamic, ongoing shield throughout the entire trading lifecycle. Seamless Access: One-Click Enrollment and Instant Payouts To lower barriers to use, phase three introduces a much smoother process: One-Click Enrollment with Immediate Effect: Users join by simply clicking the “Enter” button. Their data begins accumulating from the moment of entry. Instant Post-Liquidation Compensation: After a liquidation event, users can claim their USDT subsidy instantly with a single click from the “Pending Rewards Pool,” no customer service assistance needed. This streamlined process ensures the mechanism remains accessible and reliable precisely when traders need it most. From Safety Feature to Industry Standard Nassar Ackchar, CoinW’s Chief Strategy Officer said, “Even the most disciplined traders can experience liquidations during extreme volatility. Our Futures Protection Program offers them a second line of defense, so they’re not left to face these challenges alone.” With the rollout of phase three, the program is evolving from a one-time subsidy into a core, platform-level risk mitigation feature. CoinW is dedicated to refining and standardizing this mechanism. It aims to position it as a sustainable, replicable, and transparent risk control tool. This commitment aims to drive the crypto derivatives industry toward a safer and more mature trading environment. About CoinW Founded in 2017, CoinW has grown into one of the world’s leading cryptocurrency asset trading platforms, serving a vast and diverse global user base. The platform offers intelligent trading services, with a daily trading volume exceeding $5 billion and a consistent top 4 ranking in CoinMarketCap’s futures markets. With over 10 million registered users, CoinW is deeply committed to advancing wealth creation and blockchain innovation, continually enhancing its product ecosystem with innovations. Since 2022, CoinW has significantly expanded its global brand presence through international sports sponsorships, including a high-profile partnership with football legend Andrea Pirlo. In addition to its commercial growth, CoinW is actively engaged in corporate social responsibility — from donating supplies to orphanages in Africa to supporting animal welfare in Taiwan. Looking ahead, CoinW aims to promote financial inclusion on a global scale, continue leading the cryptocurrency sector, and accelerate the adoption of blockchain technology and digital assets worldwide. To learn more about CoinW, you can visit the website, and follow CoinW’s X Account, and Telegram Group. The post CoinW Enhances Futures Protection Program with New Features to Safeguard Traders appeared first on CryptoPotato. Powered by WPeMatico

TL;DR SHIB charts show MACD divergence, hinting at a potential rally toward the $0.000032 resistance zone. WoofSwap and others question SHIB’s election plan, citing leadership concerns and missed promises. Voting process for SHIB’s interim president kicks off as calls for decentralization grow louder. Disputes Surface Over Shiba Inu Leadership Shiba Inu is facing pushback from its own ecosystem. Several projects, including WoofSwap, have raised concerns about the team’s recent move to hold elections for an interim president. Some say the timing feels off, calling it a “distraction” and describing it as poor leadership. I am observing the recent activities for $SHIB, more especially on governance move. As the guardian of Ryoshi’s vision, here’s some of the concerns: • Projects like #WoofSwap and others have denounced Kusama’s decision to hold elections, labeling it a distraction from more… — Shiba Inu (@ShibainuCoin) August 8, 2025 Another issue raised relates to the project’s foundation having veto power. That has led some community members to question how decentralized the governance really is. Moreover, others are pointing to missed goals, such as adding 100 validators or growing to a billion users. There’s also talk that recent ventures like SHY and POE might benefit specific individuals more than the wider community. Election Plan Moves Forward Earlier this month, Shiba Inu marked its fifth year. As part of that milestone, lead developer Shytoshi Kusama introduced a new voting process to select an interim president. The plan involves three rounds: open nominations, public debates, and final voting. “The first allows for anyone to be nominated, while the top 10 move onto the debate phase,” the post explained. Debates will take place live or be shared across platforms. A week later, the community will vote again to choose from the final three candidates. SHIB Price Sees Small Lift SHIB price was trading at $0.00001289 at press time, up 4% over the last 24 hours and 6% over the past week. The volume in that time reached around $313 million. The move follows some positive technical signs spotted by traders. One of those is a divergence pattern shared by crypto analyst Javon Marks. He pointed to a bullish setup on the daily chart, where the price made lower lows, but the MACD formed higher lows, a common early signal of a possible trend change. $SHIB still fresh off of a divergence that was confirmed earlier this year and prices may only be preparing for a run in result of this! With that divergence, prices of Shiba could climb over 156% to reach the $0.000032 levels and that may only be the start of a larger reversal. https://t.co/kAE7699tuD pic.twitter.com/uooG0YXwDW — JAVONMARKS (@JavonTM1) August 6, 2025 Marks believes this pattern could lead to a strong rally. “SHIB is still fresh off of a divergence,” he said, adding that the price could climb as much as 156% if momentum builds. His chart shows a possible move toward the $0.000032 level. Notably, that projection assumes the reversal continues and that the current structure stays in place. While governance debates continue, the chart setup is drawing attention from traders waiting for confirmation of a larger shift. The post Shiba Inu (SHIB) Eyes 156% Rally as Governance Tensions Mount appeared first on CryptoPotato. Powered by WPeMatico

Ethereum’s price has been making higher highs and lows for a while now, climbing toward the key $4,000 mark. While both technical methods and sentiment metrics point to more upside, caution is advised, as the market might be in for a pullback soon. Ethereum Price Analysis: Technicals By Shayan The Daily Chart The daily chart demonstrates ETH’s upward path inside a large ascending channel. This uptrend began in the middle of April, and the price has broken multiple resistance levels to the upside. Both the 100-day and 200-day moving averages are also located below the price now, with the 100-day MA having an upward slope following a bullish crossover earlier. As things stand, the market is very likely to push beyond the high of $4,107 and even toward a new all-time high in the coming months, if the channel is broken to the upside. On the other hand, however, a rejection from the higher trendline of the channel could push the price back toward the $3,200 area, which would be the deciding point for whether a short-term correction or a full-on reversal is on the table. Source: TradingView The 4-Hour Chart The 4-hour chart shows an interesting reaccumulation phase going on, which mostly occurs after a rally. The price has been consolidating between the $3,500 and $3,800 levels, with a fake breakout and liquidity sweep occurring below the $3,500 zone. Currently, the price is on the verge of breaking above the $3,900 high, and in case of an impulsive follow-up, the market would likely begin a new aggressive rally as ETH hunts for a new all-time high. The RSI is also around 67, confirming bullish momentum, but also hinting at a potential overbought condition occurring soon. Yet, it will not mean that the market will reverse lower, at least not before a bearish divergence occurs. Source: TradingView Sentiment Analysis Coinbase Premium Index The Coinbase Premium Index is a metric that measures the difference between Bitcoin’s price on Coinbase and that of Binance. As the chart shows, the index has been mostly printing positive values since the beginning of the current rally in April. This indicates that there is considerable demand from American Investors, compared to other countries. Looking to the past, the Coinbase Premium Index demonstrates a positive correlation with price action, as positive values have led to price rallies more often than not. Therefore, as the current situation suggests, the probability of further bullish price movement is higher than a reversal, and market sentiment supports the upward price action seen on technical charts. Source: TradingView   The post ETH Bulls Look to Push Above $4K, but is the Rally Sustainable? (Ethereum Price Analysis) appeared first on CryptoPotato. Powered by WPeMatico

Bitcoin continues to consolidate above the $116K level as bulls attempt to defend critical support following a pullback from the $123K all-time high. While the broader uptrend remains intact, recent price action reflects uncertainty and tightening range dynamics. With macroeconomic tensions rising and risk sentiment mixed, BTC’s next major move could be triggered by key technical levels. Technical Analysis By Shayan The Daily Chart Bitcoin’s daily structure shows a breakdown and pullback to the ascending channel that’s been respected for months. After the drop from $123K, and the midline of the channel, BTC has finally broken the channel to the downside and is consolidating below it. This is a concerning development, as it might lead to deeper corrections. The price is currently attempting to hold above the 100-day moving average, which is located near the $110K support level. The RSI also sits around 51, signaling a neutral momentum state. Yet, if a bearish shift occurs following a rejection from the channel’s lower boundary, and the $110K level breaks down, the next high-confluence zone lies around the psychological $100K level. This zone also aligns with the key 200-day moving average. Source: TradingView The 4-Hour Chart The 4-hour chart shows BTC declining inside a descending channel since the price dropped from the $123K level. The cryptocurrency is now trying to break the channel to the upside, as it broke through the $116K short-term resistance. The price is rebounding from the 50% area of the Fibonacci retracement tool, which also adds to the probability of a bullish continuation to begin from this zone. Moreover, the RSI is showing a bullish shift in momentum as it has risen above the 50% level. As a result, if the price holds above the $116K level, it will likely break out of the descending channel and rally toward the $123K all-time high and beyond in the coming weeks. Source: TradingView Onchain Analysis Exchange Whale Ratio The Exchange Whale Ratio is flashing a warning signal. It has been steadily climbing and is now at its highest level since early 2023. Historically, such spikes, especially above 0.5, tend to precede either distribution events or significant profit-taking, as large holders increasingly dominate inflows to exchanges. This rise, combined with the stalled momentum in price, suggests whales may be preparing to offload into strength. While it doesn’t guarantee a reversal, it typically marks local tops or slower price progress until new demand kicks in. Traders should watch closely for on-chain outflows and derivatives positioning to see if the current uptick in whale activity turns into real selling pressure. Source: CryptoQuant The post Bitcoin Price Analysis: is BTC About to Hit $120K or $110K Next? appeared first on CryptoPotato. Powered by WPeMatico